Visit London and VisitBritain, supported by the London Organising Committee of the Olympic Games (LOCOG) and 18 other bodies, created the charter, which provides a voluntary Code of Practice for both UK venues and event suppliers.
Plans to draw up the charter have been underway since .
Signatories to the charter will undertake that their pricing for the period around the 2012 Olympic Games, be "both fair and reasonable" and that they will not artificially inflate prices for goods or services.
In turn, charter members will be promoted to organisers seeking venues and suppliers via Visit London's enquiry service and through Visit Britain's network of overseas offices.
"This is a massive step forward for the UK event industry. London is the first Olympic host to attempt to create a charter like this and LOCOG is an enthusiastic supporter of the FPPC and all it stands for", said Visit London commercial director David Hornby.
"Right back at the bid stage, London wanted to create a vision for the games that would deliver an inspirational event and lasting legacy for the city and country. We believe the charter will be one key measure in delivering a true legacy for the events industry and has potential for other major event bids."
Separately, the previously announced Business Tourism Development & Communications Group, which is being headed up by David Sharpe, the Merlin Entertainments Group's Divisional Director for London, is close to finalising its senior industry team. The group are working on a range of initiatives designed to "maximise the opportunities" that the games provide, such as the FPPC, the introduction of a "thought leader" group and an annual industry conference, the first of which will be held in 2009 at Earls Court during International Confex.
The charter is recognised, endorsed and promoted by the following organisations;
Coordinating agencies:
Visit London
VisitBritain
Olympic Organisations:
London 2012 Organising Committee of the Olympic Games (LOCOG)
Government and Tourism Bodies:
Department for Culture, Media and Sports (DCMS)
Greater London Authority (GLA)
Business Visits and Events Partnership (BVEP)
Industry associations:
Meetings Industry Association (MIA)
Unique Venues of London (UVL)
Eventia
National Outdoor Events Association (NOEA)
International Special Events Society (ISES)
Association of Event Organisers (AEO)
Association of Event Venues (AEV)
Event Supplier and Services Association (ESSA)
Events Industry Alliance (EIA)
Production Services Association (PSA)
British Association of Conference Destinations (BACD)
Association of British Professional Conference Organisers (ABPCO)
Tourism Alliance
British Hospitality Association (BHA)
MPI UK